Updated Oct 29, 2025
Tuffli Company Acquires Industrial Asset At 2575 Broadway In Buffalo For $3.69M
2575 Broadway
$3,690,000
$151/SF
Building Size
24,400 SF
Asset Type
Industrial
Closing
Sep 18, 2025
About this deal
AI
The transaction involves an industrial asset located at 2575 Broadway in Buffalo, with a sale price of $3,690,000. The property spans 24,400 square feet, resulting in a price per square foot of $151.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $3,690,000
- Buyer: Tuffli Company
- Buyer's Representative: Perry Wickens
- Seller: Iskalo Development
- Broker: Joel Cukier
- Broker Agency: NorthMarq
- Market: Buffalo
- Square Footage: 24,400
- Price per Square Foot: $151
Joel Cukier from NorthMarq highlighted the strong demand for single tenant Net Lease industrial assets, indicating that this opportunity attracted more than 10 qualified offers, which reflects robust investor interest in this asset class.
On the Map
$3,690,000
$151/SF
Industrial
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Players
Buffalo Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.30%
Cash-on-Cash
-1.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93